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CSPAN
Jul 5, 2011 5:00pm EDT
fresh vegetables. it also has potential to make a big difference in the region as kenyans who have been trained through the usda programmer teaching procedures and assessments to government agricultural officers and other east african nations. u.s. food aid programs are also trade in agricultural productivity, increases in raising the incomes of farmers. this year alone, though benefit more than 5.2 million people in the developing world. our food for progress programs, malawi, guatemala and tanzania are building cooperatives, supporting extension, linking producers and buyers in increasing market information and developing agricultural financial systems. and the program invests in the future by increasing school attendance, literacy food availability for children. this is occurring in over 30 countries around the world. ross at the same time building capacity to design, manage and fund sustainable national safe events like the one in the united states school lunch program would've been so successful in america. as we work to develop agricultural economies, we must remember the sou
CSPAN
Jul 15, 2011 12:00pm EDT
to their end of the bargain. you know, these big oil companies, insurance companies, pharmaceuticals, defense spending, wall street banks, they are getting great big everything else, and i don't see the job creation. you know, unemployment is obviously out of control now even from what the reporting, it's not to mention the fact that, you know, they are only counting the people that are actively seeking employment and not the people that have given up all hope. it's like the voters in this country don't even seem to count any more. if you had cathy mcmorris rogers mention reform in the way we spend money on, you know, to paraphrase. we need reform and the election campaigns. you know, where are these candidates getting their money? and how much do they get? because those are the people that seem to be represented. it's like the voters aren't represented any more. >> thanks for the views. one more call police and from washington on the democrats' line. >> caller: hi, how're you doing. i am calling about the fact that under this present plan that they are working on that the republican
CSPAN
Jul 18, 2011 8:30am EDT
really global success and a big part of this community. i was grateful to see him here today before i turn over to arianna who i think is an expert on journalism and editorial, i want to go through a few points of real big things that we're betting on as a company, not talk about aol but let's talk about the things we see in the future and why we're putting such an investment in journalism. number one question i get from wall street all the time is why journalism, why are you choosing when the rest of the world seems to be going away from journalism? why are you opening up a thousand patches? why did you buy the "huffington post"? and i think the things i'm about to talk about are a core essence of what we believe them. the first is really a bit of the human needs stage which is, if you woke up and today was your first day on planet earth, what would you knows and what would you see? i think there's some very stark things. one is there's four or 5 billion phones in peoples pockets and a lot of smart phone growth across the world, which means people are going to be connected full-time
CSPAN
Jul 27, 2011 9:00am EDT
appreciate your reassurance, it's somewhat like you said, mr. gruenberg, about the too big to fail in response to mr. corker. we're waiting for the evidence that something is different in regard to those community banks. and so in particular, i want to -- and i certainly agree with you that the fdic insurance issues that you raise, i think are a positive development. but let me particularly raise with you the disparate treatment of capital standards between community banks and large financial institutions. the definition of well capitalized seems to have a different definition in regard to whether or not you're a large or small bank. and many of our community banks are being regulated in which they are required to have a much higher percentage of capital than our smaller banks -- i'm sorry, than our larger banks many of which those larger banks are under regulatory restrictions as a result of their financial condition. so my point is there's a double standard in my view between the capital requirements that small banks, community banks are required to have and that of larger financial
CSPAN
Jul 6, 2011 5:00pm EDT
investment in the world and the way to do that is to come together in a bipartisan way around a big deal, around $4 trillion in savings at least. the senator from colorado went in some detail into the bipartisan debt and deficit commission. chaired bier sin bowles and alan simpson, and the 11 members of that commission, ems of members of this body currently serving senators, republican and democrat, who came together around a plan that would make $4 trillion in savings over the next decade. i think we should do no less than that. and i think the plan that we should be working on in detail now should include all four major areas where we have to have savings. reductions in discretionary domestic spending, reform to our entitlement programs, reductions in pentagon spending, and increases in federal revenue through tax reform. all four of these have to be on the table. in my view, our values ask no less than that. as we work through a recovery, we need to continue to invest in education, in infrastructure, in innovation, but we also need to responsibly put together a bipartisan path th
CSPAN
Jul 22, 2011 12:00pm EDT
and making us a better nation? let me introduce to you another dreamer. this is jose migana. a big smile on his face. jose brought to the united states from mexico when he was two years old. he grew up in arizona. he graduated as the valedictorian of his high school class. he enrolled in arizona state university, became the first member of his family to attend college. but then arizona passed a law prohibiting public universities from giving financial aid or in-state tuition rates to undocumented students. hundreds of students were forced to drop out of school. but jose persevered. he found his calling on the speech and debate team where he ranked fifth in the nation. and in 2008, jose migana graduated summa cum laude from arizona state university with a major in business management. jose couldn't work because of his legal status so he went to law school. next year, jose will graduate from baylor university law school in waco, texas. despite his potential to give to this country, jose will not be able to work as a lawyer because of his undocumented status. he sent me a letter and h
CSPAN
Jul 7, 2011 9:00am EDT
? >> i think a big part of it is that you need to understand that social change, we don't wake up overnight and think like i'm going to change the world. just like you said that you want, or that you make this for any particular in other than for a class project. you have to realize even if you have, dream big torture. i'm sure, i didn't mean to don't wake up and think that you can't save the world. but know that that's not going to happen overnight. social change doesn't come overnight, but it does come and commitment. even by having good dialogues like this today. i know that sounds cheesy but think that's the first step because when you get those first job, i can only speak about kind of washington oriented jobs, but you might have tried we can best universities were really been the top of your class or feel that you are really, have a high aptitude and i grasp of issues but when you get there, you might feel downtrodden and say why am i not talking to the press right now about why we need a cap-and-trade legislation. realize that the change will come incrementally, both for th
CSPAN
Jul 13, 2011 9:00am EDT
submerged that's been debated about too big to fail, there's no point they did. in fact, when the republicans have the hearings on the international competition, two industry witnesses, one representing the bank, orientation, and one house from harvard who's been the supporter of a strong event and industry and skeptical of some regulations and committee both noted that there was a potential competitive disadvantage for large american financial institutions because we are so firm in not allowing bailouts. they noted that america has by far the strongest anti-public participation in bailout law and rules in the world and that this could be a problem for american institutions and others. the argument, bit way, that being designated as a systemically important financial institution is an advantage because you will be able to borrow more cheaply. this is -- we've heard of the gift that keeps on giving -- this is the gift that people keep on refusing. unanimously, any institution there that's discretion about to whether or not it was designated as systemically important has vehemently
CSPAN
Jul 14, 2011 12:00pm EDT
. it's a big, big deal when the united states government has been for months and will continue to be borrowing about 40% of every dollar we spend, running up the largest deficits the nation has ever seen. and so what the law says, that -- the law and the united states code says you should have a budget. and when you set a budget, you take all of the bills that are out there and tell them how much money they have to spend so your total amount of money at the end does not exceed a dangerous level for the c. that's whac -- for the country. that's what a budget does. and so we're going to seek and repeatedly call to this senate's attention that we got the cart before the horse. we're spending money without a budget and we're going to have to have a budget, else we are not in control of our spending. and once you have a budget, it takes 60 votes to violate the budget. you can kind of stick to it if you make up your mind to do so. and we don't have to violate it and burst the budget. so that's -- that's what we're talking about today and it's a matter of great seriousness. i'm pleased my c
CSPAN
Jul 1, 2011 9:00am EDT
there's been a big change, and one should remember that context. it is certainly true that there's serious threats to the lives and liberties of journalists and media organizations in mexico today, but they tend to be concentrated in remote areas away from the capitol. as was the case in colombia in the 1990s, and just in terms of the security and imp implications for democracy, i think it's crucial that moment ce moves faster on building a serious police force or serious police forces because the historic achievement of the mexican revolution was taking the army out of politics. i think in contrast to what was happening elsewhere in the region, i think there is a danger that the longer that the army's involved in the front line of -- of the crackdown against drug trafficking organizations, then the army risks becoming politicized and reputation tarnished, and, indeed, we're starting to see signs of violence in parts of mexico that are rem necessary sent of the revolution. i think the task of strengthening police forces in mexico is absolutely vital, and it's going too slowly in my
CSPAN
Jul 21, 2011 9:00am EDT
the bag. think of it as a great big comforter coming out of the replacement bag. here you can see it in its final configuration strapped down. it has straps that hold it into position. about the time they had it installed in this configuration, the thermal officer in the front room at mission control center stood up and turned around and said i can already see it starting to take effect. that's a very successful proje project. >> there were a lot of teams whose hard work all came in to play. a magnificent team of people. had to do it the hard way with ron and i, with ron and me traveling a lot, and not even in countries the same time together. they had to work hard. a well integrated plan put together. with all of the products and pieces that really came together. to figure out how to get that thing back. a whole lot of work by a lot of teams around the country, and really came together and made a big difference. >> the hatch is closed. ♪ i'm a rocket man ♪ rocket man >> good morning, atlantis. this is elton john. we wish you much success on your mission and huge thank you to all
CSPAN
Jul 18, 2011 5:00pm EDT
. >> softly and carry a big stick. >> kenya signal intense. >> gadhafi said all these present -- positive things. i hope he told me do those things and we will come after you. i think that should have caused gadhafi to pull back. that is what i would have done. number three is to sort of model and to a we are going to change the regime there and i think that is where we ended up and is not what he told the american people. >> the next question comes from the audience, dr. benjamin from hanover. >> governor romney, president george w. bush used a federal probe graham no child left behind in an effort to improve the quality of our k-12 education system. other republicans believe that the states should be left to reform their educational systems without federal mandates be they funded or unfunded. what is your strategy for improving public education and what is your rationale for it? >> my strategy for public education improvement has been shown in my leadership in massachusetts which is that and this wasn't just me by the way. it was prior governors and prior legislators in mass
CSPAN
Jul 20, 2011 9:00am EDT
. speaker, in this debate, let us not lose sight of the big picture. the people who send us here want some pretty straightforward things. they want their media free and punchy but they want them within the law. they want their police independent and strong but honest and incorruptible. and they want their politicians to sort out a mess that has socked their faith in the key institutions in our country. we should be clear today that we will not let them down. >> here, here! >> order, the question is this house have considered the matter of public confidence in the media and the police. mr. ed miliband. >> mr. speaker, i welcome this debate and i think in starting this debate all of us should remember what brings us here. because parliament would not have been recalled today if it had not been for the revelations by the hacking of millie doweler's phone. that revelation shocked our country and turned something that had seemed to be about the lives of politicians, footballers and celebrities into something very different. about the lives of others who never sought the public eye. and it is th
CSPAN
Jul 11, 2011 8:30am EDT
talks about their resilience to adapt, and what is the troop strength of al-shabab? how big is it? and are weapon withs coming through sudan, eritrea, and are any of those weapons coming from china? with regards to the pirates, dr. murphy points out in his testimony and others have pointed out in their testimony as well that there are, you know, there needs to be a land solution. and i think that's obvious, but if you briefly could touch on that. chairman royce? we'll do all the questions so that -- >> yeah. and i'll be very brief as well. deputy assistant secretary yamamoto, if i could ask you this question: when the last administration left office, there was an internal debate over whether eritrea should be designated a state sponsor of terrorism for its support for al-shabab. um, it didn't happen at the time, but just after she left government service, former assistant secretary frazier wrote a good piece in "the wall street journal", and the theme was eritrea should be listed as a state sponsor of terrorism. and i think, you know, we've got u.n. report after u.n. report citing
CSPAN
Jul 28, 2011 9:00am EDT
big get bigger. and it's not, what we've heard his testimony here, even in the rating agencies space, but also what i think dodd-frank has also done, what's going on in the rating agencies is there complicit in the fact we're helping the big financial institutions actually stayed bigger and actually getting many of those an unfair advantage. so basically what you have here is a chart that basically shows the ratings of four banks. so there's kind of a before the uplift and after. basically what you see is to banks, suntrust and trustmark, have a before uptick ratings of 83. million bank of america and citigroup has a be doubleplay 2 rating. and using bank financial rating see but when you look at the upkicks that they're getting, for example, bank of america is getting five-point uptick so it takes it up to aaa three and citigroup gets an uptick 4 to a one. so the concern here, what i'm hearing over and over again, is that we haven't cured this too big to fill perception out there among the rating agencies. in fact, the rating agencies today are getting the system of important financ
CSPAN
Jul 13, 2011 5:00pm EDT
the constitution, if we here in congress would send it to them. it would have three big teaches and, again, the details of these -- it would have three big features, and again the details would be outlays need to equal revenues. that is the fundamental definition of a balance. you don't run deficits. you make sure that you spend no more than you take n the sieged thing that some of us feel strongly about and i'm one of them, we ought to limit spending as a percentage of our economy so that the government doesn't keep growing at the expense of the private sector, which is exactly what happens when the government occupies too large a segment of our economy. and finally, we've advocated that we not create a mechanism that simply guarantees big tax increases in order to balance the budget and to do that we would like -- and we have included a supermajority requirement to raise taxes. so that a simple majority wouldn't be enough. it would require a supermajority, which would only occur presumably in truly extraordinary circumstances. see, i believe very strongly that we can have strong e
CSPAN
Jul 8, 2011 5:00pm EDT
think some of this, you know we also did a big move to prices and we have some prices that are happening now that people are doing, some amazing things. if we can think outside the box rather than governmental programs thinking about what we should do. we were trying to harness the experience of a broader set of americans to figure out how to accomplish goals and other things. and so while the inherently governmental piece is hard and in our case, we are trying to focus nasa not on the low earth orbit parts of it but the harder stuff. you know i think it is really exciting. there is one other rationale for why we do some of these things and i look separately at the space station at a little different rationale. one of the things that i have not appreciated when i was serving in the clinton administration, we went through hard choices in bringing the russians to the table. but when communication suddenly shut down when there was a coup in moscow effectively and all the communications channels had broken down, what actually was amazing that the communication channels that have be
CSPAN
Jul 8, 2011 12:00pm EDT
]. >> that is affirmative, atlantis. >> copy. >> one of the other big-ticket items for atlantis's crew will be the deployment of the dish-shaped ku band antenna over the starboard, forward sill of the payload bay. >> have we missed anything? >> okay. we'll take a look. >> chris ferguson asking capcom barry wilmore to make sure the team here is looking over their shoulders to make sure they don't miss anything in the post-insertion checklist. again the ku band antenna will be deployed soon. once the payload bay doors are open, that will enable a high data rate telemetry and down link television capability from the shuttle. >> atlantis, block three does look good to us. nice work. [no audio] [no audio] >> the electrical systems officer here in mission control reports that the crew has begun the process of turning on the lights in the payload bay. that in advance of the operation of the systems by rex walheim and chris ferguson to actually open the doors, deploy the radiators, and setting the stage for a go for on-orbit operations. atlantis crossing the pacific at an altitude of 143 by 97
CSPAN
Jul 11, 2011 12:00pm EDT
quick video i promised. jfc engages a big tent of stakeholders, a big tent in shake holders because as i mentioned, a broken framework fabric of society requires as i mentioned a patchwork of everybody being brought together. not just a small group, not just one small sector, not just the military or not just the political actors but all the sectors coming together including the community, government, society, all people who need to buy into this system and be part of it and agree. and have that social contract. and the week before last, we published a case study, it's thick, a case study on jsd and tleeshsz a smaller version on our website but we tried someone who was involved walk step-by-step to paint the picture and just distill it and just a few policy recommendations. jsd, despite its name dialog is not just talking. it's not just talking and then leaving. it's really a vehicle or a means to do things that are vital to strengthening rule of law and post-conflict environment. there are a number of different things. it all has to be dependent upon the country context and the country
CSPAN
Jul 7, 2011 12:00pm EDT
? of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal with the libya resolution which apparently wasn't important enough to deal with last thursday when we were going to take a week to work in our states. and then when people on the republican side said we really think we ought to be debating the reason we were supposed to stay, we still don't do that. we have this amendment -- i think it was supposed to be and is a sense of the senate that millionaires aren't paying enough taxes. now, we all understand -- we all understand the politics of that, just like we understand the politics of no accelerating depreciation for -- no accelerated depreciatio
CSPAN
Jul 25, 2011 5:00pm EDT
big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes forward. i thank the chair and would yield the floor. mr. franken: mr. president? the presiding officer: the senator from minnesota. mr. franken: thank you, mr. president. this weekend driving around the twin cities, i was listening to public radio. the host of the program introduced a republican member of the house budget committee. the member, who i will not name to spare him or her a great deal of embarrassment, was asked about the consequences of not raising the debt ceiling. the member assured the host and listeners that failing to raise the debt ceiling would not create a default for a number of reasons. among them was that, according to this member, that we can pay out all the social security checks to seniors because -- and i quote -- "the money is in the trust fund." well, of course, there ar
CSPAN
Jul 21, 2011 12:00pm EDT
through that country, put on, for example, "made in korea" -- big implications with these trade agreements -- and end up shipping those goods to the united states. and senator blunt and his constituents have made the correct point that that's, again, taking away jobs from middle-class folks. but we have got to get back here on the floor of the united states senate to the issue of jobs. that's the most important question for our constituents, madam president. staff told me on the way over here that a recent survey of businesses cites again their number-one concern, that sales are going down in their stores. and i think everybody here in the senate knows you can often go to a store on a weekend or an evening and you see hardly anybody there because middle-class people are very worried about what's ahead and simply because of these economic times do not have the money to go in and buy those goods and arrange for those services that in an economy that requires they be in the marketplace, they simply don't have the resources for it. so i hope my colleagues will oppose cut, cap and ba
CSPAN
Jul 19, 2011 5:00pm EDT
. there are 32 democrats that signed it, 32 republicans that signed it, and that's a pretty big number around here, and that's a pretty bipartisan effort around here. and then i began to despair because i didn't feel like we were making progress toward the goal that we all said -- not all of us but many of us said we wanted to get to, and then today we had this conversation with the gang of six who i think presented a plan, as the senator from texas said, that's not perfect and everybody is going to have a disagreement about this piece or that piece but does meet the three-part test by and large that i have come out to the floor and said time and time again i think we ought to meet for the people of colorado, which is who i represent. and what i also know is this, mr. president. at this remarkable time in the country's history, if we act in a way that leads to a downgrade of this country's credit rating, if we the 100 people that are in the united states senate at this moment don't step up to make sure that that doesn't happen, no one is ever going to care what pledge was made about th
CSPAN
Jul 5, 2011 12:00pm EDT
market place because their size, complexity and interconnectedness made them too big to fail under the resolution processes in place at the time. the expectation of a large financial companies enjoyed the implicit backing of the federal government allow the managers of the company to book short-term profits while ignoring the buildup of tail risk in here in a complex mortgage instruments they held. in the financial market chaos that followed the september 2008 bankruptcy of lehman brothers, the expectation of government support persistent important financial institutions, or sifis, became a really good government assistance to financial institutions took on a variety of forms. a total commitment of almost $14 trillion by the spring of 2009. direct assistance to the largest financial institutions easy to short-term crisis of confidence in the interbank market. and our financial system began to function again. the policymakers fail to effectively attack the root cause of the problem, which was the enormous backload -- backlog of unaffordable and underwater mortgage loans that continu
CSPAN
Jul 20, 2011 5:00pm EDT
a new day here to get these bills rather than having some big omnibus bill. so this is a step in the right direction. again, i express my appreciation to the two managers of this legislation. as indicated, there will be no roll call votes today. more roll call votes today. tomorrow i'm going to move to proceed to the bill that we call the cut, cap bill received from the house today. under the rules of the senate, a cloture vote on the motion to proceed to the bill will occur on saturday. i expect a cloture vote sometime saturday before lunch time. i'm committed to allowing a fair and full debate on this bill. i want the proponents and opponents to have time to air their views. if proponents of the bill decide they would like to vote sooner, if they would let me know, i would appreciate that and we'll try to work something out. there may be efforts made to try to advance that vote by others but as far as i'm concerned, we should have a full and fair debate on this matter and i look forward to that. mr. mcconnell: mr. president, if i may? the presiding officer: the republican leader. m
CSPAN
Jul 7, 2011 5:00pm EDT
country succeeds. the country expects us to do that. i hope we think big and swing for the fences and get a result and bring it back to us and let us consider it and hopefully enact it and get on to other things. the debt is a major long term problem. not just for our grandchildren, but for us today. we have a bigger issue facing us. that is the fact that we've had persistent unemployment and an economy that's not growing and that's hurting too many people. the sooner that we swing for the fences and get a result and get our debt under control and deal with it in a bipartisan way, better for the country and the quicker we'll be able to get on to the larger question of jobs. of course, economist have made it clear to us getting the debt under control has a lot to do with jobs. that when our total debt is as high as it is today, nearly 100% of the gross domestic product, that probably costs us a million jobs a year. we can't solve all of that in one day, or one month. but we can take a big step in the right direction. that's really what our country men and women want us to do. i'm glad that
CSPAN
Jul 29, 2011 5:00pm EDT
intervention, bringing about all this uncertainty, that big government is not a very good manager. and then i said this didn't happen just since president obama became president. this happened over a period of time of this decade and maybe even going back a little bit into the other decade, but just since president obama was elected, we have added more -- yet more complex intervention. the health care reform bill, dodd-frank, the consumer protection bureau, and the president this very week has been talking about increasing taxes only he doesn't use the word taxes. we have got to have more revenue or we have got to have balance. but it still adds up, all of these things out there that government doesn't know what all these rules and regulations. do you realize in health care reform, there is 1,690 delegations of authority to the secretaries to write regulations, and they aren't going to be written for years, but there is -- that brings so much uncertainty. so we have more uncertainty plus unintended consequences that come out of these like right now, rising health care costs becaus
CSPAN
Jul 29, 2011 9:00am EDT
and creating a big picture for the world state in the world nation. in greece there is well. there is property and incomes that are not just sources for growth, but a big part of real estate and even bigger real estate from private enterprises. there are also high and middle incomes, and to our incomes that are also -- [inaudible] and on the other hand, there are some middle income with annual income between 12 and 60,000 euro. over the past 20 months, we have been implementing an ambitious program for the adaptation of the economy in all sectors. they were indeed delays and problems. we declared and i accept this. we have to face, however, are insisting challenge the markets about whether it was indeed viable, sustainable, or whether the greek government, the citizens and business would produce fruit without radical investment to sustain that debt. the greek fiscal debt problem, as well as the eurozone fiscal debt problem in general, is the same applies to the united states. not a federal union as the united states. that is common currency which plays an important rational role, but
CSPAN
Jul 19, 2011 12:00pm EDT
, the social security benefits drop 22%. that's a big hit for folks that are living on social security. so what can we do today, 25 years in advance, what small thing can we do today to social security which will build up the solvency and life of social security for even more years? that's a -- i think that's an honest challenge and we should view it as an honest challenge. not to eliminate social security but to say to the generation of younger workers in america, it's going to be there and you'll be darn lucky that it is there because a lot of seniors today can tell you the story of their lives paying into social security. they now receive the benefits. but what happened to their other plans for retirement? well, that little 401(k), that ira, that s.e.p. plan took a hit a few years ago, lost about 30% of its value. and for many americans with pension plans where their work, some of those companies went out of business and walked away from those pension obligations. social security has been there. we want it to be there in the future. so we can find ways to strengthen social
CSPAN
Jul 12, 2011 12:00pm EDT
we're going to have a big deal, $4 trillion, or whether we're going to have a smaller deal of $2 trillion, but the real issue is whether or not we're going to have a fair deal, a deficit-reduction package which represents the interests of working people and the vast majority of our people or whether we're going to have a deficit reductio-reduction packh ends up reflecting the needs of the wealthiest people in this country who are do phenomenally well and the largest corporations in this country who, in many instances, are making record-breaking profits. that's really what the debate is about. now, the republican position on deficit reduction has been extremely clear and is consistent with their right-wing ideology. despite the fact that our current deficit crisis has been caused by two wars unpaid for, huge tax breaks that have gone to the wealthiest people in this country, and a recession caused by the deregulation of wall street and the lack of revenue coming in as a result of that recession. our republican friends are adamant that while the richest people in this country are b
CSPAN
Jul 6, 2011 9:00am EDT
forward in transforming themselves, she's one of the big reasons why. please help me in welcoming to the stage, liz schuller. [applause] >> thank you. all right. thank you, barry, for the introduction. and i'd like to think raj for raising the bar. thanks a lot for the rest of us and not those creative messaging tools that we all need to address inequality. i wish i would have heard her before my speech. so why am i here as part of this panel? the whole point of what i want to talk to you today is the power of collective action and how it could counter the rise in inequality and how unions fit into that picture. now, when i think about inequality, especially, as of late, i think about those teachers in wisconsin, construction workers in ohio, nurses in new hampshire, who have been locked out and denied their basic rights to collective bargaining. we've seen what it looks like the state capital in wisconsin and we show you now what's happening in office buildings all across this country. ♪ >> here's to america's workers. when the economy was down, they sacrificed. during tough times whe
CSPAN
Jul 15, 2011 9:00am EDT
discussing how we can do this and i believe this hearing is a big step in that direction. i thank our witnesses for addressing these concerns. >> the chair recognizes the gentlelady ms. matsui. >> i would like to thank the distinguished panelists for being with us this morning. nice to see you all on this important issue. americans rely on a variety of services for a number of activities including social networking and navigation and mapping services among many others. as we all know in today's economy information is everything to everyone. we also know technology changes continuously every day. what is new today will not be new tomorrow. we must continue to encourage american innovation and foster growth and development of the next generation technologies. it is also essential we properly protect private and personal information of consumers particularly our young people. privacy policy and disclosure should be clear and transparent. we should also understand the scope of information being collected and what it is being used for and length of time it is being retained and its securit
CSPAN
Jul 22, 2011 5:00pm EDT
too big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away. accumulated elsewhere in the system and exploded on all of us. what we have done is basically make people be responsible for the risk and one important issue that are dealt with with some friends on the liberal side is a question of risk retention. i would urge people to look at michael lewis's book the big short. when people make loans and have no responsibility whether or not they are repaid they will not be as prudent. that is a market incentive. the alternative is oh no, the regulators will tell you what is good and what isn't. we are on the market side here. i don't want to depend on regulators to look at all of these loa
CSPAN
Jul 27, 2011 5:00pm EDT
capitol, could make a big difference in the outcome of our future by cutting specific programs this week and next week. that's one rare thing you never hear in washington. everybody says you need to cut. when it gets down to talk about what you cut, nobody wants to come up with any cogent ideas because they don't want to take the political heat, because everybody program, no matter how well-intended and how inefficient, has those people who are going to fight for that program because there's money coming into the coffers for somebody. the other point that i would make is the reason we're anxious and the reason we're worried is that we've abandoned the very principles that our founders gave us that would keep us healthy. and that was the constitution and its enumerated powers section, which spells out very succinctly what was our responsibility and what was the states' responsibility. and so we have whole departments. one, for example, would be the department of education. that thomas jefferson said if you ever had the federal government doing anything on education, you would have to chan
CSPAN
Jul 27, 2011 12:00pm EDT
be immense. president obama put several proposals forward to reduce the deficit in a big way modeled after these bipartisan commissions, where there's been pretty good bipartisan agreeme agreement. but efforts to forge a grand compromise, bringing the deficit down by $4 trillion, have been abandoned by republican leaders over and over. i -- i have not supported every detail in these grand compromise efforts. i don't want to do anything to undermine medicare or social security or medicaid, programs that have worked for generations now and programs that millions of ohioans depend on, for middletown to ashtaboula to toledo and gallipolis. that's because i wanted a more balanced approach. i know the presiding officer did too. but as days and weeks and weeks and months go by, we're now only days away from default. we're simply running out of time. that's what the senate bill is about, protecting us from default. the spirit of continued compromise again, the majority leader has come forth with a plan to reduce the deficit by $2.2 trillion. it's truly a compromise because it meets the repub
CSPAN
Jul 12, 2011 9:00am EDT
but not mr. bryant's big and presenting your committee, "the guardian" or anyone else? >> anyone who is holding material, which clearly people are, from the amounts of media coverage, and there's been some species are you surprised any of these names that are coming out, or do know these names? for example, the gordon brown issue. >> now, i am aware of them. >> mark reckless. [inaudible] holding material because of the stories coming out, is at least another theoretical possibility as stores are being sourced from within the metropolitan police? >> i'm sorry, i don't follow your. >> could it not be the opposite, whether paid or otherwise information, rather than necessary being the place that the media outlets already have it? [inaudible] >> well, we always, we will always be accused of that. i can say with absolute confidence, because i know what's been there. for instance, when there was speculation around victims of 77 bombings, we did not know that they were contained within our material. >> thank you for the answer that i wasn't accusing. >> is a natural thing for people. >> you
CSPAN
Jul 6, 2011 12:00pm EDT
it means, mr. president, that we can't be raising taxes on the job creators, and there is a big debate right now about how do we get ourselves out of this fiscal mess. i would submit to my colleagues that the real issue here is spending. if you go back to the foundation of our country, the year 1800, we were only spending 2% of our entire economic output on the government, the federal government. this year we're going to spend 24% to 25%. the historical average over the past 40 years is about 20.6%. we are dramatically higher in terms of what we are spending on our federal government as a percentage of our entire economy. to me, clearly, we don't have a revenue issue here in washington. we have a spending issue. which would suggest that we ought to get after spending, after federal spending, particularly spending that is -- is duplicative, redundant, there are so many things in the federal government that we spend money on that we need to get that waste and that -- and all those types of wasteful spending out of our spending here in washington, d.c., but we also have to focus on
CSPAN
Jul 11, 2011 5:00pm EDT
economy in big ways. it affects jobs and our ability to get this economy back on track. closing this independent agency loophole is a reform that those of us on both sides of the aisle should join the president in supporting. this is the right vehicle to be able to achieve that. no major regulation whatever its source, should be imposed on american employers or or on state and local governments without a serious consideration of what the costs are what the benefits are and whether there is available a less burdensome alternative to achieve the same objective. this amendment moves us closer toward that goal. it's a commonsense amendment again, taking the president's executive order and memorandum of today and actually putting it into force through the force of law. thank you mr. president. i yield the floor and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: without objection. mr. whitehouse: thank you mr. president. i rise to discuss the ongoing negotiations on the federal budget and our rapidly approaching debt
CSPAN
Jul 1, 2011 12:00pm EDT
effect on european banks which remain undercapitalized. a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for many months now, that crisis in europe hurts the -- not just the european banking sector but the u.s. banking sector and the u.s. financial sector. the money market fund system is still, i think, not fully resolved. that is i think the sec's changes under rule 287 that improve the liquidity position of money market funds is good. the bazzel liquidity rules that will kick into place for the banking sector are good and will help. the capital margin and collateral requirements in the repo sector will also help significantly. and weaknesses -- i'm
CSPAN
Jul 28, 2011 12:00pm EDT
rockefeller said, it absolutely matters for economic development. and people in big cities might make fun of small airports, that they don't have all the -- all the hustle and bustle, but we do know that medium sized and smaller airports matter a great deal. with the refusal of the house to take up a clean extension of f.a.a., more than 4,000 employees have been furloughed, dozens of construction projects have come to a halt. in this economy, for some radicals in the house of representatives to decide because they have got a political mission and an ideology that doesn't quite fit with the majority of americans, they are going to again hold hostage something that just simply needs to be done, and that is what's called reauthorization of f.a.a. this many employees have been furloughed for who knows how long. senator rockefeller said some may look elsewhere for jobs. these are very skilled technicians and engineers and others. and what it means to these construction projects. f.a.a. helps to pay all over the country for modernization of airports, and we have all heard stories. i don't recall t
CSPAN
Jul 5, 2011 9:00am EDT
public health centers that will determine it for the long-term the factors that will do with big diseases under two prevent them and teacher than. now, we have noted with the prime minister and we worked all weekend on this, that different choices that we did following an independent jury, forgot cancer, or didn't deal with cancer. that was the rule. you go for excellence, you go for international juries. we cannot change the decision of these juries, otherwise what use would that be? i mean, the selection process has to be respected. but we thought that it was impossible not to have hospital institutes dealing with cancer. and so we have asked others, seeing the second stage of the cancer plan and what the national institute for cancer is doing to make proposal on the specific question of cancer. in order to have a dedicated university hospital center. at the beginning of july, we're going to announce the first selection of these excellence initiatives, 7.7 billion euros. the winners will be the beginning of the major sites for french scientific research, not all universities wi
CSPAN
Jul 25, 2011 12:00pm EDT
an effort to try to make sure that the rates that the two big providers in mississippi, and, of course, energy was heavily invested in louisiana as well. but i don't know the details on that but i do know. >> mr. mack so, have you had any experience with this kind of think? >> we have not. >> mr. serino, i'm going to the i am going to continue on this. chairman, i would love to talk to you about it and senator mccaskill and i have been talking about it. you know, if this community would've happened to have a municipal provider, let's say they paid 10% under the stafford act of the repair costs, they would be passing along to .5 million to the ratepayers instead of 25 million. court if they have a 75, 25 sure, they'll be passing along 6.2 the ratepayers instead of 25 million. those rate players pay federal taxes in exactly the same way that the neighboring community of carthage that has a municipal utility pays federal taxes. we have more experience with this with devastating i storms. we have miles and miles of polls broken off, and the mileage that is in the electric co-op, fed
CSPAN
Jul 18, 2011 12:00pm EDT
order to basically cover the entire state of arizona. that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us in actt, which is an operation that incorporates other law enforcement agencies to ensure we bring the greatest density of enforcement coverage in arizona. the national guard -- right now we have 363 national guard troops on the ground. we have more sensors coming, so it's a constant buildup of what we are doing in arizona. as i said earlier, when we bring arizona under control, not if, we will do so as quickly as we can. now, something that i think is critical here is the following. this year, because of the drop in activity levels that w
CSPAN
Jul 19, 2011 9:00am EDT
support cuts but a proposal that he likes to call a big deal. anyone who's looked at the figures knows that it isn't. but the larger point here is that the american people have already won this debate. no one, not even the president, can claim to support the status quo anymore, even when in fact he does. but of course winning the debate isn't nearly as important as achieving the reforms that are needed to convince the world that we're actually serious about getting our fiscal house in order. that's why republicans continue to hold out for significant reforms and that's why we'll continue to fight for serious long-term reforms this week. republicans have tried to persuade the president of the need for a serious course correction, but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need to put us on a path to both balance and economic growth. so we've decideed to bring our case to the american people. the president recently cited a poll that suggests americans want to see balance in this debate.
CSPAN
Jul 25, 2011 8:30am EDT
didn't realize was having such a difficult time, but they're getting killed by the big warehouses that are selling to the folks who like to buy car parts. and, but this isn't just a main street versus internet because all these internet companies are on main street somewhere. and what happens when we get to the point where everybody's internet? aren't we all still just main street? and aren't we then in the same exact position as we are today where the internet, main street retailer in downtown sioux falls, south dakota, is competing with the internet mainstream retailer in utah without that price differential, and, you know, they're butting heads against each other trying to steal reach other's -- each other's local customers. in our view this is a retailing versus retailing, and at some point in this process we all have to compete with each other without the government giving one a competitive advantage over another. >> host: mr. peterson, you said earlier that you saw state sales tax going away. could you expand on that a little bit? >> guest: there is considerable concern amon
CSPAN
Jul 21, 2011 5:00pm EDT
twice about the kind of political language that we're using. even oil and gas. we have to tax the big oil companies. everybody knows you put the tax on, the next thing you know, you will be paying more tax when you fill up your car at the local service station. so think through who you're really going to hit with these taxes on millionaires and billionaires and big corporations, even the death tax. the death tax is part of the taxes the president would like to have rates go up on. go back to the 45% rate. that's almost half, 45% on the estates. now, a lot of these estates are small businesses, farms and ranches, and a lot of times they have to sell all or part of the business or the farm or the ranch in order to pay the estate tax. so who are you really hurting when you do this? i've got a friend who had a small printing business in phoenix, and he was one of the largest charitable givers in our community. a fine, wonderful man. his name was jerry wasadski. he created the business from nothing, moved out from new york city, had over 200 employees when he died. he had boys and girls cl
CSPAN
Jul 26, 2011 9:00am EDT
buy chinese solar panels? makes no sense to me. >> how about your big ridge? tell us about that. [laughter] >> it does seem as if, if anything, the politics, as dynamic as it might be. i certainly agree on that. might be going in the opposite direction. i'm talking presidential politics, the bloomberg breakfast the other day in which it seems as if the clinical strategy of the administration is to avoid a discussion of jobs to the unemployment rate at all. but let's talk about some of the specifics if we can. maybe patrick ewing talk a little bit about in more detail about the china trade issue, the environment for getting comfortable with china -- tougher with china. >> i'm a member of the u.s.-china economic review commission. this is a bipartisan congressional think tank on china. we've issued a number of reports, almost all have been unanimous, republicans and democrats seen it in exactly the right. i'm a member of the commission. i'm not speaking for the commission at this thing. our website is -- everything we do is up there. let me just quickly go through this. in the las
CSPAN
Jul 14, 2011 9:00am EDT
financial obligations would be no big deal? when every financial expert, investor, business leader and banker in the country and even every reasonable member of your own political party is telling you the consequences of default would be catastrophic, it's time to start listening. why? because default won't just roil the financial markets, pushing interest rates higher and tank the stock markets, it will affect every american's wallet as well. there are a few things that will happen. social security checks and veterans' benefits and paychecks to our troops would stop. some of the most vulnerable americans would be placed at risk. our promise to the men and women who would protect this nation so bravely and those who protect it today would be broken. we would not be able to make payments to our military. payments on our national debt would stop. american investments in retirement accounts would be decimated. millions of americans could lose their jobs. interest rates would rise, not only for the government but for ordinary americans as well. those americans will pay more for their mortg
CSPAN
Jul 22, 2011 9:00am EDT
scheme, vote for this amendment. mr. president, how big is this scheme? well, here's what our own permanent subcommittee on investigations has told us: "experts have estimated that the total loss to the treasury from offshore tax evasion alone approaches $100 billion per year, including $40 billion to $70 billion from individuals and another $30 billion from corporations engaging in offshore tax evasion. abusive tax shelters add tens of billions of dollars more." mr. president, you want to lock in these abuses? you prefer to pay more in taxes yourself so that people can engage in these scams? vote for this amendment. vote for the legislation that's before us. vote for what is on the floor because you'll protect them forever more. mr. president, i end as i began. this is perhaps the most ill-conceived, ill-considered, internally inconsistent legislation that i have ever seen in my 25 years in the united states senate. i hope my colleagues have the wisdom to vote "no." i thank the chair and yield the floor. the presiding officer: the senator indiana. mr. coats: mr. president, i just
CSPAN
Jul 26, 2011 12:00pm EDT
, not always to take care of everything but take care of the big things like making sure we don't default on our obligations. he needed to talk to the american people, to those americans who haven't been paying close attention where this stands and why it is so important and why the risk is there that if congress doesn't act and we believe it will, something that has never happened before in our history could happen and it would be very bad indeed. that's why he had to address the country and why he wanted to explain to them his view, that compromise is so necessary. >> one other quick thing. i think on cbs radio this morn dan pfeiffer said if congress does not act by august 2nd this could lead to a depression. is this your position, that we might have a depression in america? >> depression, what i know, what, economic experts have said is that, and again, republican and democrat, jim baker, ronald reagan, all sorts, have said that a default on our obligations would produce an economic calamity. how that, how you demean that obviously depend on how long it lasts and what the ongoi
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